Cash Reserve Ratio in Nigeria remained unchanged at 27.50 percent in August from 27.50 percent in July of 2022. source: Central Bank of Nigeria

Cash Reserve Ratio in Nigeria averaged 15.26 percent from 2007 until 2022, reaching an all time high of 31 percent in May of 2015 and a record low of 1 percent in April of 2009. This page provides - Nigeria Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Cash Reserve Ratio - values, historical data and charts - was last updated on August of 2022.

Cash Reserve Ratio in Nigeria is expected to be 27.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Cash Reserve Ratio is projected to trend around 25.00 percent in 2023, according to our econometric models.

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Nigeria Cash Reserve Ratio

Related Last Previous Unit Reference
Interest Rate 14.00 13.00 percent Jul 2022
Cash Reserve Ratio 27.50 27.50 percent Aug 2022
Interbank Rate 11.45 11.45 percent Aug 2022
Money Supply M1 20392537.22 20608106.85 NGN Million Jun 2022
Money Supply M0 3259269.15 3331796.22 NGN Million Jun 2022
Money Supply M2 48797867.32 48555975.14 NGN Million Jun 2022
Foreign Exchange Reserves 39250.00 39090.00 USD Million Jul 2022
Deposit Interest Rate 4.55 4.70 percent Jun 2022
Lending Rate 12.29 11.96 percent Jun 2022
Money Supply M3 48556908.61 46542025.44 NGN Million May 2022